Bengaluru: Researchers of Azim Premji University have recommended the implementation of an urban employment guarantee scheme, especially in smaller towns across the country, to bring down unemployment levels. The team that presented the ‘State of Working India 2019’ report on Tuesday suggested a four-pronged approach to solve the job crisis in India. These include having a universal basic services programme that calls for increasing education spending and health spending and a concerted new industrial policy to revive manufacturing, with a focus on labour-intensive sectors. The report, which bats for an employment-oriented fiscal policy, also presented data on job creation and sustainable livelihood. “We propose a detailed programme that provides for 100 days of work at Rs 500 a day for a variety of works… within town or city limits … and thereby provide services to all residents, build civic infrastructure and restore the urban commons,” said … [Read more...] about Wanted: An Urban Employment Guarantee Scheme That Also Ensures Ecological Balance
New build guarantee scheme
BOILERS and gas hobs will be banned in new-build homes in just six years, Chancellor Philip Hammond revealed today. Instead, homes will have low-carbon heat pumps and heat networks - which can cost £5,000 more than traditional heating systems. Last month, the Government's Committee on Climate Change unveiled the recommendations in its new report. It said "no new homes should connect to the gas grid from 2025 at the latest". Adding: "There are plans for 1.5million new UK homes by 2022. These new homes must be built to be low-carbon, energy and water efficient and climate resilient." Today, Hammond said in his Spring Statement speech new standards "mandating the end of fossil fuel heating systems in new homes from 2025 delivering low carbon, and lower fuel bills too." The government has not specified what will replace boilers and gas hobs. Why are boilers and hobs being banned? The problem is that when gas is made, it releases carbon emissions into the environment, which in … [Read more...] about Fossil fuel gas hobs and boilers BANNED in all new-build homes from 2025 – and it could add £5,000 to price of a house
To understand what is a minimum income guarantee (MIG) programme of the sort announced by Rahul Gandhi earlier this week, it is useful to start with what it is not. To start with, it is not a universal basic income (UBI) proposal, something I have discussed in this space a few years ago. The UBI is universal and not targeted to any group, including the poor. Also, it is a flat lump-sum amount that does not depend on the recipient's income level. In contrast, despite the fact that we do not yet know the specifics of the MIG proposal, it appears from media reports and clarifications provided on the proposal that if someone's income falls below some threshold level, then the person will get enough to bridge the gap - like a top-up. This makes it a progressive income transfer scheme - those who are poorer will proportionally receive more. This is the same principle as a progressive income tax, except here we are talking about transfers received and not taxes paid. What an … [Read more...] about Opinion: Rahul Gandhi’s New “Game-Changing” Scheme Could Work
Buyers of new-build homes on a Canterbury housing estate face "outrageous" service charges in excess of £1,000 a year.A two-bedroom flat on the Royal Parade development off Littlebourne Road comes with annual maintenance fees of £1,190 under a leasehold deal, while prospective owners of a four-bedroom house must find £900 a year.Developer Taylor Wimpey says the costs are for upkeep of green spaces on the former Howe Barracks site, such as an 11-acre area of communal parkland and residents' front gardens.But campaigners say these "estate charges" are unfair and, with no guarantee they will not escalate, also risk making the homes unsellable in future.The fees are payable on all 171 homes being built during the development's first phase, including shared ownership and social rent properties classed as affordable housing - bringing in a total of about £130,000 a year.BT worker Keith Hince became a member of the National Leasehold Campaign after finding out his flat in … [Read more...] about New build buyers charged “outrageous” estate fees
Countries everywhere are focused on supporting Small and Medium Enterprises (SMEs). From successive G20 presidencies (Turkey, China, Germany) to many of our emerging country clients, supporting SMEs has become a clarion call. While this support appears to be largely driven by the global unemployment crisis (particularly among the youth) SMEs contribute much more than just jobs, including exports, production, innovation, diversification, geographic dispersion, and opportunities for women and youth entrepreneurs. A lack of access to adequate finance is one of the biggest constraints SMEs face worldwide. It is estimated that between 50% to 70% of SMEs in emerging markets are either not funded or under funded by the formal financial sector. If SMEs are responsible for delivering so many economic benefits – why are banks so reluctant to lend to them? Clearly there are problems of information asymmetries – weak accounting data provided by SMEs, a tendency … [Read more...] about Do credit guarantee schemes encourage banks to lend to SMEs?